Investors focused on the Retail-Wholesale space have likely heard of Movado Group (MOV - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of MOV and the rest of the Retail-Wholesale group's stocks.
Movado Group is one of 213 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MOV is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MOV's full-year earnings has moved 4.78% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, MOV has moved about 29.04% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 19.40% on average. This means that Movado Group is outperforming the sector as a whole this year.
To break things down more, MOV belongs to the Retail - Jewelry industry, a group that includes 4 individual companies and currently sits at #13 in the Zacks Industry Rank. This group has gained an average of 21.11% so far this year, so MOV is performing better in this area.
Investors with an interest in Retail-Wholesale stocks should continue to track MOV. The stock will be looking to continue its solid performance.